Gold Stock Alert For New Gold Inc. Issued By MicroStockProfit
DALLAS, May 12, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring New Gold Inc. (AMEX:NGD). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at: www.microstockprofit.com/ads/NGD
New Gold Inc. (NGD) is an intermediate gold producer with a portfolio of global assets in the United States, Mexico, Australia, Canada, Chile, and Brazil. The Company's operating assets consist of the Mesquite gold mine in the United States, the Cerro San Pedro gold-silver mine in Mexico, and the Peak gold-copper mine in Australia. In June 2009, NGD completed its business combination with Western Goldfields Inc., pursuant to which NGD acquired all of the issued and outstanding common shares of Western Goldfields. In February 2010, Goldcorp Inc. announced the acquisition of a 70% interest in the El Morro project, an advanced-stage, copper-gold project located in north-central Chile, Atacama Region.Message Board Search for NGD: http://www.boardcentral.com/boards/NGD In the report, the analyst notes: "NGD recently announced financial and operational results for the first quarter of 2010. The Company had a strong operational quarter with gold sales of 80,020 ounces at a total cash cost of $472 per ounce, net of by-product sales, resulting in $36.6 million of earnings from mine operations. NGD is also pleased to reiterate its 2010 full year guidance of 330,000 to 360,000 ounces of gold production at total cash cost of $445 to $465 per ounce sold, net of by-product sales. "All three of NGS's operating mines had strong operating quarters, with Mesquite and Peak producing gold at targeted rates at lower than forecasted costs. Despite the delay in receiving the explosives permit, Cerro San Pedro successfully optimized the processing of ore on the leach pad and maximized the gold production and related earnings contribution from the mine. New Afton also continued its strong progress with a fifth straight quarter of increased underground advance ." To read the entire report visit: www.microstockprofit.com/ads/NGD See what investors are saying about NGD at penny stock forum MicroStockProfit.com is a small-cap research and investment commentary provider. MicroStockProfit.com strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on MicroStockProfit please visit: http://www.microstockprofit.com MicroStockProfit.com Disclosure
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